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2025-06-30-accounts

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CHARITY NO: SC052644

THE HOUSE OF HOPE (SCOTLAND) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Docusign Envelope ID: C3F693DB-0B2F-42B8-8073-4E14784DCF43Docusign Envelope ID: 4AB527E1-C84C-4667-9B34-C3555EB57731

THE HOUSE OF HOPE (SCOTLAND)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

PAGE
Reference and Administrative information 1
Report of the Trustees 2 – 4
Independent Examiner Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 - 16

Docusign Envelope ID: C3F693DB-0B2F-42B8-8073-4E14784DCF43Docusign Envelope ID: 4AB527E1-C84C-4667-9B34-C3555EB57731

THE HOUSE OF HOPE (SCOTLAND)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name: The House of Hope (Scotland) Trustees Emma Walker (Chair) (Resigned 10.10.2025) Euan Fleming (Treasurer, appointed Interim Chair 10.10.2025) Lisa Fleming (Secretary) Gail Logan Kate Seymour (Resigned 11.10.2025) Angela Harris (Appointed 01.07.2025) Lesley Carcary (Appointed 06.03.2026) Sheena Cantley (Appointed 06.03.2026) Karen Goodman (Appointed 06.03.2026) Principal Office 490 Gorgie Road Edinburgh EH11 3AF Charity Number: SC052644 Independent Examiners Wbg Services LLP 168 Bath Street Glasgow G2 4TP Bankers 36 St Andrew Square Edinburgh EH2 2YB

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THE HOUSE OF HOPE (SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report and financial statements of the charity for the year ended 30 June 2025. As the charity exceeded the receipts and payments threshold during the year, the 2025 accounts have been prepared on an accruals basis, with comparative figures restated accordingly.

The legal and administrative information on page 1 forms part of this report.

Structure, Governance and Management

Governing Document

The House of Hope (Scotland) is a registered Scottish charity and a Scottish Charitable Incorporated Organisation (SCIO). The charity is governed by its constitution and overseen by the Board of Trustees, who are responsible for the strategic direction, governance and financial oversight of the organisation.

Trustee Recruitment and Appointment

The Trustees continue to be recruited and appointed in line with the charity’s constitution and relevant legislation. The Board seeks to maintain an appropriate balance of skills, experience and perspectives to support the charity’s development. New Trustees receive an induction covering the charity’s purpose, governance responsibilities and operational activities, and ongoing training is encouraged.

Objectives and Activities

The House of Hope (Scotland) exists to establish and operate Scotland’s first dedicated breast cancer support and wellbeing centre. The charity provides holistic therapies, emotional support and wellbeing services to complement medical treatment, supporting individuals affected by breast cancer.

During the year under review, the Trustees focused primarily on securing, preparing and opening the charity’s first physical centre, alongside continued fundraising and community engagement activities.

Achievements and Performance

Securing a Permanent Home

A major milestone was achieved in December 2024 when the charity formally took over the lease of premises at 490 Gorgie Road, Edinburgh. This marked a significant step forward in turning the charity’s vision into a tangible, accessible space for beneficiaries.

Following the acquisition of the lease, considerable work was required to prepare the building for use. This included essential repairs, fit out works, compliance activity and the installation of facilities suitable for delivering wellbeing and support services.

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THE HOUSE OF HOPE (SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

Achievements and Performance (continued)

Soft Opening of the Centre

In June 2025, the charity successfully completed a soft opening of the House of Hope centre. This represented a major achievement for the organisation and the culmination of extensive planning, fundraising and practical effort. The soft opening allowed the charity to begin welcoming visitors, testing systems and gradually introducing services in preparation for full operation.

Community Support and Voluntary Contribution

The Trustees wish to place on record their sincere thanks to everyone who contributed to making this achievement possible. The opening of the centre was only possible due to the generosity of individuals and organisations who donated their time, skills, professional services, materials and resources, often on a voluntary or significantly reduced cost basis. This support was invaluable and enabled the charity to open its doors far sooner than would otherwise have been possible.

The Trustees also extend their gratitude to donors, fundraisers, volunteers and supporters whose financial contributions and encouragement sustained the charity throughout this demanding period.

Financial Review

The financial statements for the year reflect a period of significant transition as the charity moved from planning into delivery. Expenditure increased in line with property related costs and preparations for service delivery, while careful financial management remained a priority.

The Trustees continue to monitor the charity’s financial position closely, recognising the ongoing commitments associated with holding a lease and operating a physical centre. The charity’s funds are applied in furtherance of its charitable objectives, and the Trustees consider the current level of reserves to be appropriate in the context of the charity’s stage of development and future plans.

The charity received income of £465,269 (2024: £46,106) and incurred expenditure of £330,023 (2024: £15,042) during the year, resulting in a surplus of £135,246 (2024: £31,064).

Reserves Policy

The trustees’ policy is to maintain general free reserves equal to 3 months’ worth of expenditure, this equates to £40,219 excluding the one-off refurbishment costs incurred during the year. The general free reserves at 30 June 2025 were £32,172 and therefore fall short of target level. The trustees aim to improve this position going forward.

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THE HOUSE OF HOPE (SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

Plans for the Future

In the coming year, the Trustees will focus on:

Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and the application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the Statement of Recommended Practice: applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102).

Approved by the Trustees and signed on their behalf by:

| EuanSigned by:Fleming 5DCCD274F51148B... Name: Euan Fleming Date: 20 March 2026

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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HOUSE FOR HOPE (SCOTLAND) FOR THE YEAR ENDED 30 JUNE 2025

I report on the accounts of the charity for the year ended 30 June 2025, which are set out on page 6 to 16.

Respective responsibilities of Trustees and examiner

The charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

The charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in any material respects the requirements:

  2. to keep accounting records in accordance with Section 44 (1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Claire Dalrymple FCCA 0575527041FA406... Wbg Services LLP 168 Bath Street Glasgow G2 4TP

Date: 20 March 2026

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THE HOUSE OF HOPE (SCOTLAND)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 30 JUNE 2025

(Including an Income and Expenditure account)

Note
Income and endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Net income
Transfers between funds
Net movement in funds
Funds reconciliation
Total Funds brought forward
14
Total Funds carried forward
14
Unrestricted
Funds
2025
Restricted
Funds
2025
Total
Funds
2025
As Restated
Unrestricted
Funds
2024
Restricted
Funds
2024
As Restated
Total
Funds
2024
£
£
£
£
£
£
362,747
88,885
451,632
42,669
-
42,669
13,271
-
13,271
2,500
-
2,500
173
-
173
937
-
937
193
-
193
-
-
-
376,384
88,885
465,269
46,106
-
46,106
297,501
32,522
330,023
15,042
-
15,042
297,501
32,522
330,023
15,042
-
15,042
78,883
56,363
135,246
31,064
-
31,064
18,885
(18,885)
-
-
-
-
97,768
37,478
135,246
31,064
-
31,064
31,064
-
31,064
-
-
-
128,832
37,478
166,310
31,064
-
31,064

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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THE HOUSE OF HOPE (SCOTLAND)

BALANCE SHEET AS AT 30 JUNE 2025

As Restated
Total Funds Total Funds
Note 2025 2024
£ £
Fixed assets:
Tangible assets 11 96,660 -
96,660 -
Current assets:
Debtors 12 15,953 -
Cash at bank and in hand Cash at bank and in hand 60,934 32,258
Total Current Assets 76,887 32,258
Liabilities:
Creditors falling due within one year Creditors falling due within one year 13 (7,237) (1,194)
Net Current Assets 69,650 31,064
Net Assets 166,310 31,064
The funds of the charity:
Unrestricted funds 14 128,832 31,064
Restricted funds 14 37,478 -
Total charity funds Total charity funds 166,310 31,064

Approved by the Trustees and signed on their behalf by:

Name: Euan Fleming Date: 20 March 2026

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

1. Accounting Policies

(a) Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

(b) Funds structure

Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Trustees, at their discretion, have created funds for specific purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed, or through the terms of an appeal.

Further details of each fund are disclosed in note 14.

(c) Income recognition

Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations, are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

1. Accounting Policies (continued)

(d) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (e) below.

Expenditure on charitable activities include all costs relating to activities where the primary aim is part of the objects of the church.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure is incurred.

(e) Allocation of support and governance costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs.

Governance costs and support costs relating to charitable activities have been apportioned based on the number of individual grant awards made in recognition that the administrative costs of awarding, monitoring and assessing research grants, salary support grants and postgraduate scholarships are broadly equivalent. The allocation of support and governance costs is analysed in note 8.

(f) Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised and valued at historical cost. Depreciation is charged as follows:

Leasehold property improvements

Basis 20% straight line

(g) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(h) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

1. Accounting Policies (continued)

(i) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(j) Pensions

The charity contribution is restricted to the contributions disclosed in note 9.

(k) Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

(l) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

(m) Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees are satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied as follows;

Estimate
Depreciation of fixed assets’
Basis of estimation
Fixed assets are depreciated and amortised over the useful
life of the asset. The useful lives of fixed assets are based on
the knowledge of the Trustees, with reference to assets
expected life cycle.

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

2. Related party transactions and Trustees’ expenses and remuneration

No Trustee received any remuneration or was reimbursed any expenses during the year (2024: £nil). No trustee donations were made in the year (2024: two trustees donated a total of £569). No expenses were waived by Trustees during the year (2024: £nil).

No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity in the year (2024: none).

3. Income from donations and legacies

Donations
. Income from charitable activities
Fundraising
. Income from other trading activities
Merchandise sales
. Investment income
Bank interest
2025
2024
£
£
451,632
42,669
451,632
42,669
2025
2024
£
£
13,271
2,500
13,271
2,500
2025
2024
£
£
173
937
173
937
2025
2024
£
£
193
-
193
-

4. Income from charitable activities

5. Income from other trading activities

6. Investment income

11

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

7. Analysis of expenditure on charitable activities

Advertising & marketing
Consulting
Charitable and political donations
Postage, freight & courier
General expenses
Legal expenses
Printing & stationery
IT software and consumables
Subscriptions
Telephone & internet
Event costs
Fundraising materials
Fundraising platform
IT subscriptions
Merchandise costs
Bank fees
Cleaning
Insurance
Interest paid
Rates
Motor vehicle expenses
Operating lease payments
Property lease
Staff costs
Training
Travel
House refurbishment expenses
Maintenance
Service provision
Depreciation
Governance costs (note 8)
2025
Total
As Restated
2024
Total
£
£
18,128
460
13,740
3,146
-
300
109
62
4,194
274
10,615
11
3,991
736
1,273
76
280
25
1,499
18
8,020
4,324
365
114
830
566
1,763
813
3,815
2,923
23
-
746
-
517
-
27
-
11,884
-
1,355
-
274
-
11,954
-
45,916
-
347
-
3,523
-
169,146
-
2,565
-
650
-
10,740
-
1,734
1,194
330,023
15,042

8. Allocation of governance costs

Governance costs are allocated to costs of charitable activities:

Governance costs:
Independent examiners remuneration
2025
£
2024
£
1,734
1,194
1,734
1,194

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

9. Analysis of staff costs and remuneration of key management personnel

2025 2024
£ £
Wages & salaries 40,460 -
Social security costs 4,608 -
Pension costs 848 -
Total staff costs and employee benefits 45,916
2025 2024
£ £
Key management personnel remuneration 38,503 -
No employees had employee benefits in excess of £60,000 (2024: none).
2025 2024
No. No.
The average weekly number of persons, by headcount,
employed by the charity during the year was: 1 -
10. Net income for the year
This is stated after charging: 2025 2024
£ £
Depreciation 10,740 -
Independent examiners remuneration 1,734 1,194
11. Tangible Fixed Assets
Leasehold
Property
Improvements Total
£ £
Cost
At 1 July 2024 - -
Additions 107,400 107,400
At 30 June 2025 107,400 107,400
Depreciation
At 1 July 2024 - -
Charge for the year 10,740 10,740
At 30 June 2025 10,740 10,740
Net book value
At 30 June 2025 96,660 96,660
At 30 June 2024 - -

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

12. Debtors

Trade debtors
Other debtors
2025
2024
£
£
5,900
-
10,053
-
15,953
-

13. Creditors: amounts falling due within one year

Trade creditors
Taxation and social security
Other creditors
2025
As Restated
2024
£
£
120
-
5,052
-
2,065
1,194
7,237
1,194

14. Analysis of charitable funds

Analysis of
Fund movements 2024
Unrestricted funds
General funds
Total unrestricted funds
Restricted funds
Total restricted funds
TOTAL FUNDS
Funds
b/fwd
£
Income
£
As Restated
Expenditure
£
Transfers
£
As Restated
Funds c/fwd
£
-
46,106
(15,042)
-
31,064
-
46,106
(15,042)
-
31,064
-
-
-
-
-
-
46,106
(15,042)
-
31,064
Analysis of
Fund movements 2025
Unrestricted funds
Tangible fixed assets
Total designated funds
General funds
Total unrestricted funds
Restricted funds
Cash for Kids
Estee Lauder
Kilburn Holdings
Pink Ribbon Foundation 1
Pink Ribbon Foundation 2
Total restricted funds
TOTAL FUNDS
As
Restated
Funds
b/fwd
£
Income
£
Expenditure
£
Transfers
£
Funds c/fwd
£
-
-
(10,740)
107,400
96,660
-
-
(10,740)
107,400
96,660
31,064
376,384
(286,761)
(88,515)
32,172
31,064
376,384
(297,501)
18,885
128,832
-
3,000
-
-
3,000
-
30,000
(7,801)
-
22,199
-
18,885
-
(18,885)
-
-
12,000
(520)
-
11,480
-
25,000
(24,201)
-
799
-
88,885
(32,522)
(18,885)
37,478
31,064
465,269
(330,023)
-
166,310

14

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THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

14. Analysis of charitable funds (continued)

The Trustees have created the following designated funds:

Tangible fixed assets – represents the amount of the charity’s funds tied up in fixed assets.

Cash for Kids - Refurbishment of Kids' Room within The House of Hope. Estee Lauder - PR/marketing costs and service provision.

Kilburn Holdings – Property improvements.

Pink Ribbon Foundation 1 - Costs of Administration Assistant.

Pink Ribbon Foundation 2 - Refurbishment of fitness studios.

15. Net assets over funds

5. Net assets over funds
Bank & Cash
Creditors due < 1 year
Fixed assets
Debtors
Bank & Cash
Creditors due < 1 year
As Restated
Unrestricted
Funds
£
32,258
(1,194)
31,064
Unrestricted
Funds
£
96,660
15,953
23,456
(7,237)
128,832
Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
37,478
-
37,478
As Restated
Total
2024
£
32,258
(1,194)
31,064
Total
2025
£
96,660
15,953
60,934
(7,237)
166,310

16. Leases

The charity has a property lease at the balance sheet date of 30 June 2025:

Due < 1 year
Due > 1 year
2025
£
2024
£
30,160
-
108,073
-
138,233
-

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Docusign Envelope ID: C3F693DB-0B2F-42B8-8073-4E14784DCF43Docusign Envelope ID: 4AB527E1-C84C-4667-9B34-C3555EB57731

THE HOUSE OF HOPE (SCOTLAND)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

17. Donations in kind

The House of Hope (Scotland) received a number of donated goods and services in the year towards the refurbishment of the leasehold premises at 490 Gorgie Road, Edinburgh. An amount of £196,900 has been included in the accounts in respect of these donations.

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